s. carol says this about scott walker announcing his candidacy which he did today: too young and inexperienced though he did well with his state. trump is the fighting bull we need. my time is up but look who's here? charles payne, having brilliantly anchored this show for two weeks, now he does neil's. charles: thanks, stuart. hi i am charles payne in for neil cavuto. we've got a busy monday, hillary clinton's slamming the rich. what else is new? but texas governor greg abbott says if hillary wants to create jobs, she should look at what he's doing in his state. he's going to be here with some tips for her and all of us. and oil prices have been struggling all day long investors anticipating this iranian nuke deal. it could actually happen this hour. we are going to be all over that. but first, our real big story the deal in greece. ashley webster reports there are a lot of unhappy greeks out there. let's go to ashley, ashley's done an amazing job in athens.

listen we knew they'd have to bite the bullet one way or another. i know they have the referendum on wednesday but, ashley is it finally, maybe, done? [laughter] >> finally, maybe perhaps -- [laughter] we'll have to see. these are the words we use in this crazy world we call the e.u., charles. you know, it was typical, the way it all played out, really, 17 hours of negotiations. we have the framework of a deal, but there's some hurdles to overcome yet. we have to have approval of the other european nations' parliaments. we also have to have those greek lawmakers in the building get behind me get together with mr. tsipras to make sure these reforms are in place and, oh, by the way by wednesday. nothing moves that quickly in greece, so they're going to have their work cut out for them. and let's face it, they are some draconian measures deep spending cuts, tax hikes, pension reforms, labor market reforms, you name it. it's not exactly a winning package when you consider the

austerity package rejected in that referendum eight days ago was much better with the one than mr. tsipras came back to athens with. people on the street today charles, of course they don't know the details of the plan. what they do know is it's going to be a very difficult future. >> i think it will be very very very hard, and it's a surprise for us. we were waiting for it and we'll have to cope with it right now. >> going to have to cope with it, and the banks, oh, you bet they're still closed, charles, probably for the rest of this week. that would be three weeks in a row. people only do to get 50 year rows now. -- euros now. they've got to do some things here, other this deal may quickly become a no deal. back to you. charles: ashley, great, great job. we've been through this for the last three weeks, to ashley's point. is it really over? we have got gary who says this

crisis is only starting, he's joined by lenore hawkins. ultimately, the people in greece have to cope with something. to go it alone is not going to be easy. they remain here, at least they get $96 billion to stay in. it feels perhaps they'll take the lesser of evils, but you don't think so. >> look debt is debt and debt does not get eradicated with a deal. i think the best part of this deal gets done is finally the bad borrowers have to put up collateral. there's talk about $50 billion of assets that could be sold or worked with if they don't pay off. but, look, there is massive leverage and debt not just in greece but around the globe that's being papered over. i was almost laughing in the last week charles when jack lew our treasury secretary was preaching to greece about debt and deficits when this administration has created $7 trillion of debt. so i think this just gets put

off. i think the best news is if it can get out of the news. charles: right. >> markets maybe have a chance to get going again, i'd love to see that. charles: i think, lenore, gary's right the markets are hoping, that's why we're up 192 points. one of the reasons i think the west is even involved in these negotiations is because if it unravels, maybe the people maybe citizens around the world get to see what's on the other side of these gigantic debt mountains and maybe these leaders aren't prepared for the world to see that. >> very much so. you have got kind of the wizard of oz effect going on right now where we have the markets convinced that the central bankers, our politicians, that they can somehow use their magic and make all this debt turn into growth when we know that that really isn't the case. and to gary's point about these assets, germany's been so tight on greece because greece promised two years ago that they were going to privatize $90 billion worth of assets. charles: right. >> to date it's been two.

charles: well, here's the thing though this time around they will have people on the ground that are going to oversee the drafting of this thing, that are going to sort of kind of to make sure, to your point, lenore, get back there, drink a cup of tea you know sip some coffee and decide, no we don't want to do the deal. here's the thing also, gary, we are seeing around the world issues with governments who are trying to appease populations. over the last five years, we've seen dictators fall, socialist countries crumble and western democracies grapple with the notion that you cannot keep spoon feeding a society. at some point you need real growth, and i think everyone's afraid of living with debt. >> look socialism doesn't work. eventually you run out of the capitalism's money. so yeah i'm in complete agreement with you on this. for me the biggest issue here, and this is what everybody's protecting from, is what is known as the domino effect. we saw the domino effect back in '07 and '08 with massive leverage and debt on mortgage-backed securities.

now it's massive leverage and debt on the public. charles: right. >> there is no way to roll that back. and if things start tipping over one after the other is going to go down, and that includes the u.s. i also had this -- always had this line back in '08 charles everything's okay as long as the markets are acting okay. they are praying that the markets continue to act okay because if they don't, that opens the spigots of problems. charles: which is why the last two weeks have been so worrisome. lenore, to that point i think one of the most despicable things that has happened is this was a banking crisis to gary's point, five, six years ago and it was transferred to the backs of shareholders, french, mostly german. and there's something cautionary about that as well, isn't there? >> yeah. well, we just took the private debt, and we made it public. and then in the -- charles: we def did have a -- never did have a process, do we? >> no, just more debt and more debt. to what gary was saying, the big

lie that's been told is that somehow debt is good, that if a country just keeps borrowing and spending, that that creates growth. and we're seeing that that really is not the case at all. and when we run out of that, when that pail becomes false what are the politicians going to do? charles: sure. that's why the west has rallied around greece, they just don't want people in their own countries to see what's at the -- >> don't look behind. charles: yeah. >> don't look behind the curtain. charles: fantastic stuff. we'll see you guys later. of course all eyes also on the saudis' oil because they're saying, hey, we're going to pump more of it. on top of that, we're very close to getting an iranian nuke deal. want to go to jeff flock at the cme, what does it mean for the average person now? >> reporter: well, today the oil trade, if we look at it right now, has rallied back about a dollar and a half. it was down a dollar and a half oil was, it has rallied back and by the way, you're talking about greece here this is

euro-dollar options pit. this had been real hot, but this is what a quiet pit looks like now that we've got a potential deal out there. back to oil to, you know, you talk about the impact of this iran deal, and these are the two deals that have been driving oil trade; the situation in greece and then the potential deal in iran. the betting is now that the iran deem comes off. -- deal comes off. take a look at what that would mean in terms of iran production. right now they export about 1.2 mr. barrels a day. that could double, according to the iranian oil ministry, and they have the capacity for a whole lot more. so that's pretty bearish oil, bullish on the other side, take a look at the u.s. rig count. that was up last week for the first time, significantly, in a while, up five additional rigs. but if you compare that to what it had been i mean the tremendous amount of exploration in this country really has gone on hold charles. so what does it mean for us? it probably means pretty stable gas prices or even falling gas prices over the course of the next couple of months, at least

that's what it looks like right now. charles: i think viewers want to hear falling gas prices. if somehow this thing were to not go through and crude oil goes up -- >> reporter: could turn around. >> when it goes up gas goes up, when it goes up, gas is reluctant -- >> reporter: show. charles: donald trump's immigration comments drawing controversy and huge crowds. donald getting lots of love texas governor greg abbott is next. ♪ ♪

charles: breaking news, iran's foreign minister says nuclear negotiations will not be

finished today. surprise! that's right it won't happen today, maybe it will happen. in the meantime, donald trump tripling down, getting voters all fired up about immigration. thousands and thousands of supporters in arizona, it was like a rock concert, cheering on donald trump. say what you will about the messenger, but getting a big, big crowd. texas governor greg abbott says it's a message that's resonating. we know it's resonating governor, welcome to the show. but is it, is it the double-edged sword, you know? for every person that we see down there we see maybe the unfavorables also moving up. is it worth it? >> well, here's the deal what donald trump is talking about is an issue that all candidates are talking about and that's because it's a pressing issue in our country right now. and that is securing our border. i would say that the tenor that donald trump has used is not the tenor that i would use. it is important, however to emphasize that the only reason why this is being talked about is because washington d.c. has

completely failed america in doing its job to secure the border, which is why i as governor of texas stepped up and did what the federal government has not done. we passed a bill that puts $800 million into securing our border. we have the toughest border security plan any state has ever had -- charles: how does $800 million look? it's not a big wall, right? you're not talking about building a wall. $800 million is a lot of money. how does it look in reality? >> boots on the ground is the most important thing. high technology, we will have cameras that will look at almost every one of the 1200-mile border that we have with mexico. we have airplanes in the air. i've been in these before where you can see both at day and at night the traffic coming across the border. boats on the water and high technology combined, this will allow us to do the most effective job of securing our border. charles: what about the ability to respond? i already can see a bunch of illegals walking across and saying hi to the cameras. in other words, it's one thing to have the camera, it's another

thing to be able to respond because already we have plenty of photographs of illegals strolling through. there's no protection. >> that's why we have the boots on the ground. we're adding texas department of public safety officers who can make arrests. and that's what is needed. we need people down there making arrests. and so for the first time we will have the forces who can make the arrests, who can secure the border. charles: what do you think, why doesn't this message resonate in washington, d.c. and why are we now up to over 200 sanctuary cities? essentially, we're rolling out the red carpet, we're begging people to break into our country. >> i think washington d.c. either, a, doesn't care or worse, is promoting this. remember this: a concept embedded in the united states constitution is the federal government must protect our sovereignty. they've completely failed in protecting our sovereignty and securing our border, and that's why the states are stepping up and doing what the federal government has failed to do. charles: a cynic would say that democratic lawmakers in

washington d.c., particularly the president, sees these illegals as future voters and that's why you don't do anything about it. they come they assimilate, and sooner or later they get the opportunity to vote. you see it that way? >> i see it -- charles: they talked about taking the great state of texas down eventually because of demographics. last week california became more hispanics than whites. the next one will be texas. >> well, remember this, and that is the promise that we see come from the texas economy i've seen hispanics turn into republicans because they see republican policies work. second, my wife is the first latina first lady in the history of the state of texas, and we have a great connection between the republican party and the hispanic community where i got about 45% of the hispanic vote in this last election. and that's because of opportunity. that doesn't matter what race you are or what background you come from. everyone wants economic opportunity, and that is what texas provides. charles: how do you, how do you articulate that?

i've had this conversation with very staunch conservatives, and a lot of them have written off the hispanic vote the black vote are, sometimes -- whatever vote it is. and they say, well, we can never win a state like california or maybe florida, new york. i think they're wrong. how would you articulate that for them? >> i think everyone of any kind of background wants to have a freedom liberty, which is what the united states of america stands for, at least texas. the united states of america is getting away from the liberty that was guaranteed by the constitution. the second thing is everyone wants the chance to be able to dream and achieve and work toward a goal. texas offers that. whereas what washington, d.c. offers is more of a socialistic type system, a one size fit all mandate about the way your life is supposed to run. charles: that's not in our dna. you go all the way back and go to people who came from this country to europe, they went back and said distinct difference. we've never seen a country like america where everybody, no matter where they're born in life, believe that they can go

higher in the rankings. of course, the europeans looked at us as being arrogant for believing that. hillary clinton's been speaking today, her economic policy sounds distinctly different from what you laid out. infrastructure, tax relief for small businesses, better childcare making college more affordable and, of course most important taxing those rich people because they're stealing and sucking up all the money and opportunities. >> it is going to be more of the obama-style economic theory that's been disastrous for this country. texas offers something completely different. if washington, d.c. would follow what texas has done, they would see the job growth that texas has seen. what i just did as governor is, as other states were increasing taxes we lowered taxes in texas. we cut -- charles: what taxes? you don't have income tax already, right? >> yeah. get this, we don't have any personal income tax, we don't have any corporate income tax. we do have a business franchise tax that we just slashed by 25%,

and we cut property taxes on top of that. and get this, in addition to that we did invest more in transportation infrastructure in schools while also coming in under budget. we did not spend all the money that came in. so we had a budget surplus. charles: now, critics, of course say come on. we started this whole interview with an alert out of iran on oil to. oil's had an amazing run you guys have just been the beneficiaries of a gigantic, massive economic windfall, and it's nothing else that you're doing special. what would you reply to a critic? >> to the contrary. despite the fact that oil is half the price where it was a year ago texas this past month still came in third in the nation with regard to new job growth and there's a reason for it. that's because our economy is diversified. look, we have airlines, we have american airlines and southwest airlines, we just had a big facebook deal that we cut. general motors tomorrow is

spending $1.4 billion to expand manufacturing in the state of texas. we have the most diverse economy in the united states of america and, charles, there's a reason for it. and that's because of the low cost of doing business, because of the high standards of the work force, businesses are flocking to the state of texas. charles: how do you feel you do a lot of traveling. i know a lot of governors travel a lot, but i've noticed you do a lot of traveling. how do you feel about the rest of the nation? forgetting about the great state of texas for a moment, a lot of people have given up on the far left, far right. i just feel this sense in a lot of americans that they've given up. how can we get them to believe even if they don't live in a state like texas that it's still possible? >> the reason is because of competition. competition leads to better products. and here's one thing happened just over the past month, and that is jeff immelt and ge announced to connecticut when connecticut announced they were raising taxes, immelt said they're going to have to

reconsider whether or not they stay in connecticut. i sent a letter the next day to jeff immoment saying come to texas -- immelt come to texas and now connecticut is saying, well, we may have to rethink those tax increases. through the theory of competition by texas leading the way attracting jobs from connecticut, from rhode island, from new york, it's going to force these states to build a better product. and, hence build a better united states of america. charles: i hope you're right, i really do can. it's really what you guys have done what your predecessor has done it's absolutely remarkable. we really appreciate your time governor. >> thank you. charles: governor greg abbott. listen we're edging closer to a deal with iran, but it won't be today. they continue to call the shots, and they said not today. we do have a former state department official who says he hopes we get no deal at all, right after this.

>> then we'll have a standoff but it's a lot better than legitimizing this rogue regime which is about -- if, in fact there's a deal that's what'll happen. chas charles so no deal better than a bad deal? iran's former -- foreign minister, rather, just moments ago saying negotiations will not be finished today. so i was hoping, maybe kristin maybe there will be no deal because it seems like they've extracted every concession possible out of america and the rest of the western negotiators. >> that's right. well, if there is going to be a deal or a framework it's sort of an agreement to agree, and it's unclear what the totality of this, and we're going to kick the iaea to the curb, they're going to have to negotiate inspections without any of the leverage we've removed. i don't agree with the speaker saying the choices are a nuclear standoff or new deal. i think that's a terrible

narrative. in fact, there are lots of options to put the pressure back on iran either to try to get a better deal or, better yet to put iran on the defensive not to accept this false choice of diplomacy or war, but actually to make iran pay a price for violating the non-proliferation treaty in the first place. charles: the idea they've been pounding the table on immediate removal of sanctions, immediate removal of the u.n. arms embargo suggests if you tighten them a little bit more we might get to where we're trying to get to anyway. >> right charles. it's staggering if you go back to where the obama administration began negotiations, and these talks date well into the bush administration, what we were insisting on red lines, that no enrichment take place in iran, that has gone away, that there be some confession that iranians come to jesus and tell us about the full outlines of their nuclear intentions that has gone by the wayside. the idea that sanctions related to terrorism and all the other bad things iran does around the

region, it has tentacles in syria, in lebanon in yemen, sanctions related to that would remain, that's gone by the wayside. and also there doesn't appear to be any consideration for the four americans held hostage by this regime, pastor abedini and others. so really almost every red line we have given away, and there's not a lot to show in return. charles: so having said that, you know, i always ask experts once we sign a deal it seems like the official countdown to iran getting a nuke. they always tell me that count down's begun so how far off could the speaker be? maybe not immediately nuclear showdown but is it inevitable, where we're going right now? >> i think so. this enshrines their nuclear capability. i was at the state department when we in the bush administration negotiated the deeply-flawed nuclear arms deal with north korea that led directly to a nuclear weapon. this seems in similar -- similar in so many ways and we can't really time these things

perfectly. if you look back at our history of predicting nuclear breakouts to that very first one, the soviet union, we got that wrong and have been far off. the idea that iran could make the decision the make that final sprint to a weapon which might be a month or two and that we'll detect that and be able to react militarily, i think that's foolish. we're going to wake up one day and it's gown to be too late. charles: thanks a lot, we really appreciate it. >> thanks charles. charles: all right, guys hillary clinton's out with her new economic plan, but should we believe it? remember, we're talking wall street hillary. charlie gasparino says wall street's not buying it. he'll tell us why next. can a business have a mind? a subconscious. a knack for predicting the future.

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>> it still seems to most americans that i have spoken with that it is staffed for those at the top. >> that's hillary clinton today unveiling her economic plan right here on bill de blasio backyard. on to hillary -- >> long and length it was over 40 minutes witness and long in general ideas. hillary clinton speech on her economic vision was short on specifics she said she would lay out exact proposal in weeks. called for increase in minimum wage and said economic expansion is tied to immigration reform. that's part of the platform bill de blasio who was popular with the left but has yet to formerly endorse clinton has called for

as well. clinton also gave framework to many ideas that might give wall street some pause. she'll lay out a plan to insent vise profit sharing and said that we have to go beyond frank. clinton called out three of the republican candidates. the first jeb bush and his comments last week about labor participation. >> you may have heard governor bush say there's a week that americans just need to work longer hours. [laughter] well he must not have met have many american workers. >> she mentioned marco rubio and a scott walker which might give you aned why of who the clinton campaign and hillary clinton herself is keeping an eye on for now. charles. >> of course hillary is veering to the left but charlie gasparino for wall street just not buying it. charlie what are you hearing? >> she didn't attack trump who gave her a lot of money in the past. [laughter]

i can tell you this, i think this is typical hillary clinton economic double speak, it is, you know, a mile wide, inch deep she didn't say much in materials of we need more income equality like to give away. more and more like bernie sanders as she gets more and more popularity to the left but this is just a big fake that she -- is going to go back to being quote unquote as one told me normal which will be her old wall street loving crony capitalist self not one to mess with the apple cart too much. i kind of doubt that's going to be the case. make this one point and you can ask me anything you want. ting this is a different democratic party than when her husband was in there. and she can be primaried if she doesn't run a very left -- if she runs administration. >> another thing to your point

a lot of wall street, a lot of big wigs on wall street who want to support her are finding themselves in something of a bind. i want to take a listen to former morgan stanley john mack we told neil this he's in your camp. >> to me it is all politics. it is trying to get elected to get a nomination. >> she's parodying this line to get a nodges. >> if you're running you have to get a win the tea leaves you have to go offcenter. >> when you have 20 people in the field, you need to get attention. i think it is just politics. >> doesn't have 20 -- >> not the whole film. but here's the thing even a guy like john mack has to be accountable to his wall street community if you are going to back someone who it taking dead aim at wall street, and what if she does and elected and first thing she does is go after wall street? >> what's what barack obama did. you know he -- i think more than anything, though even frank the wall

street guy hated the class warfare part of the obama administration particularly in the first four -- first term. and they didn't back him but romney. and i think you know, i think john backed romney ultimately. i think most of the orr big -- he was a big democrat backed romney. head of goldman sachs. so i think they will do a 180. but right now at least where they're coming at right now if you put john up here. lloyd blank up here, goldman sachs fink and biggest money management firm and friend of ours used to be head. they are saying that is politics. they're saying this is rhetoric and saying they will tell you if they notice her lack of specifics on a lot of these issues particularly today right, she didn't really say let's raise upper income rack. >> the wealthy. tax the qeat. >> say that but i saw that as one of the things collective bargaining make it more affordable. tax relief an infrastructure increase minimum wage.

>> didn't say take it up again. >> begin with the top. i think people need towns that wealthy starts to come down. it means that someone making more -- >> barack obama thought a family of peef in long island -- >> i'm thinking in heart of hearts he would go down to 125. here's the reason why business should be concerned. you think that democrats have hit the level they can go to big pot of money out there is corporate america those full income statements $2 trillion if we can legislate that, they have to give us that. that to me is the sharing. >> she will get tremendous backlash from her core wall street. this is where it is going to be really difficult for her. to the core wall street base all of those guys i mentioned think john mack they all believe that corporate tax rate is too high. if she goes after corporate tax rate if she says let's raise upper -- bracket another 3% but they wouldn't care.

but after that corporate tax rate that is when they'll break with her. >> thanks a lot. it is official scott walker tweeting runs for president of the united states to fight and a win for the american people. but next, why walker is beginning to be fining for something else first. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax

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>> stock market up big this morning on the news out of greece may be, maybe not we have a deal. we'll know for sure wednesday but feels better. i want to go to nicole petallides on the floor of the new york stocks exchange. >> we have a big pop from the futures turn around. at that time futures have been down 136 points and jump and move to up side up 170 points for dow industrial average. majority of stocks are higher every single one with of them. consumer stocks are moving to

new highs here, and we're looking at name such as amazon disney and nike dow components. jurndunder armour moving and attaining all time highs and then we keep an eye on netflix municipal this week and happen torch after the bell. goldman sachs raises price on that one to 780 the birating is this surge today you can see netflix by the way up over 100% and on the s&p this year. back to you. >> now i can't wait for the ratings to come in. thanks a lot nicole. speaking of jog -- running financial backing on the right but big question is there enough money to go around. not everybody can raise the money to gop fundraiser. noel. you know we heard last week that jeb bush raised $100 million and

i've heard pretty good numbers from ted cruz and others is it enough cash for guys to run a viable campaign? >> well, you know what in scott walker's case because he's announcing in his case, yes, and you want to know why? because look at what he's doing in iowa. i just got it from a friend of mine who is standing around and getting ready for announcement and whatnot. he's at 18%. and with something like that, people really want him to make his announcement and run and not only that but money there. because if you can win iowa, you're zooming up. >> well we know -- iowa is launching pad that is how president obama became president. by the same token it felt like scott walker was there up high in iowa but in national polls and squander some time and opportunity by letting himself drill the last u few weeks? >> not really. i think he's got his game plan. i think he's getting everything organized. i know that money has been

pretty good. there have been several big, big bundlers that have given both to bush and also given to walker. so it is very interesting. one of my bundlers who is a young millennial is actually with at, you know, standing around down there with everybody and says it is unbelievably impressive. there's great buzz, there's great energy, and they're doing briefings all day with big donors and bundlers. so that tell use a lot of what is going on. so i think you know -- >> i wanted to say you know interesting we talk about now to become president is beginning to cost one to $2 billion. what will will cost to become the nominee for republican party? >> oh gosh. >> hundreds of millions. >> we're talking hundreds of millions of dollars. ii mean, it is a fight and a it is beginning to a blood bath and unlike candidates who have made announcements people are like why is, you know, governor pataki i love him but a lot of

people like why is he running? rick santorum a lot of people are like why is that guy running but a walker rubio bush all of the rest of them that have been coming out lately people are excited about announcement. walker is beginning to be great. another asset that he's going to have charles is his wife. first lady, you know walker is going to be a major asset. read a lot about her bio she's a fight or, she's faced a lot of you know tragedy and death and her early life and she has really been an advocate for, you know, doing innovative things so she's going to be a huge fighter with her husband. it is beginning to be a power couple. major asset. >> but we have distinct stories among every potential candidate every one they're all accomplished. they're all intelligent and a great presidents i think in the miens minds of most people. how do you break through this trump, jeb bush domination of the headline and the money?

>> raise money. the more money you raise the more materials you can get out to promote your message and your bio, and anything that you want to put out. that's why the scramble to raise mad amounts of cash is on. because you have to get your message on in order to do that it takes tons of crash. direct mailing all of these programs, i mean, people hire people -- people hire firms to manage their twitter and their facebook so this is a huge cash grain. in order to get on top of the heat, you've got to raise a lot of money. >> although irony is that a lot of people in america think there's too much money but too much in politic plaintiff's petition we have to go concern thanks a lot we appreciate it see you soon. >> governor walker making his run for the presidency official this morning via twitter but it is tonight that he makes the formal announcement in michigan it happens during my hour making

money tonight 6 p.m. please tune in. hey, get this -- hundred million dlarl off of vitamin water not enough 50 cent and rap or filing for bankruptcy protection, next.

>> well 50 cents may be more than just a name filing for bankruptcy protection now. asset and debts ranging between 10 and 50 millions dollaring. a big filing. to megyn mcdowel how some cannot manage their money. he was one of the guy who is pointed to entertainment, on the vitamin water thing. allegedly but made some money. always high but made a fair amount no doubt.

the movies, rapping, boxes he's doing everything. >> so the vitamin water was he had a small minor water owned by galasso sold to coca-cola and reports out when it was sold back in 2007 that he made anywhere from 60 to $100 million on it even as early as recently as this may you have $150 net worth that "forbes" was reporting well he's filed for bankruptcy protection. again you mentioned that asset an liabilities that he laid oillet. i'll tell you what is at play here, though, he just lost a $5 million jury verdict to a woman wblg the mother of rick's child being the rival rapper that 50 cent -- posted a sex tape online of this woman levstone to millions of viewers, $4 million but punitive damages phase was going to

happen this week and curtis jackson had to file his income statement and his net worth with the court ahead of the punitive damages. so what does he do? he files for bankruptcy so he's getting hade of that. >> may have to pay less money as a result of that. >> it would punitive damages based on what he can pay. you know what punitive damages are. he also lost a lawsuit over some headphones last year. according to tmz that fell in the neighborhood of $17.2 million that he lost in that lawsuit. >> wow that's nuts. really crazy. a lot of money. amazing when you start to think about numbers i can't wait to see assets. i don't know if you remember warren who didn't play child support maid $60 million his assets were $350 pair of sneakers that's pa thetting. switch gears in a world of football. mr. goodell goes to washington. talking about roger goodell

heading to d.c. to give a gop lawmaker a quote, leadership lesson. but with the year that he's had is he really the really guy to feature? >> the prime minister agrees, is busy and they couldn't book him. to give them some leadership lessons so maybe they're falling bag on roger goode goodell just entire management of the nfl. of course owners love him why he still has a job because he's fixated on one thing squeezing last nickel out of everybody. but just based on how he handled the ray rice case in the last year. where you -- he was charminged with assault even before we saw that horrific videotape that was leagued. two game suspension. >> had they viewed that tape that went become and forth and then lost appeal. what about you mentioned own owners what about botching so poorly to

your point own rs like him because he's taken all of the arrows. no one can name owners. >> that is incredible point. ultimate fall guy, but he's so willing to ring every last cent out for owners and league. remember he tried to get money out of the halftime about of the super bowl. >> checking on the acts yeah. >> just completely ridiculous. what does it say about the 42 gop lawmakers but they say we want goodell after show his leadership. doesn't say a lot about him either but timing doesn't say a lot about them. >> man still has a job, right? out of all of the things that he's been through in the league he's managed to hang on his job since day one. >> nfl has an increase in value on their hand. i think that's really the story. we're talking about the headline stuff that think that maybe a lot of people talk about. but beneath the surface he's

brought in a tremendous amount of cash. >> absolutely even with the sexual -- like the assault, abuse, child abuse cases you name it even aaron hernandez you can add it up. and then waiting for the deflat gate situation on the scale. >> are you kidding me you said ray rice has two games deflate-gate gets four games. >> indefinite suspension after that. >> if we were with to come back after a two games maybe start fresh. would that give them a fresh start in the minds of the public and then go on from there? >> no. >> to think he's done? >> no. >> i think that he hangs on he's coming up on i think been there nine years coming up on nine years. >> he max a lot of money. >> as long as owners like him and again he's -- let him take a the arrow. >> taken the arrow he's a face of you know been somewhat unfortunate. but the bottom line, is he's done his job in many ways.

thanks a lot. >> next hour we have a small business owner speaking out against the irs. he's going to join us right after this. when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. at&t's innovative solutions connect machines and people... to keep your internet of things in-sync, in real-time. leaving you free to focus on what matters most.

>> okay, a swirl struck for now. former official desmond doesn't think greece or rest of its world will rid itself of spending addiction welcome to the show. you know, listen, obviously, we look around the world where a debt level i don't care what kind of country it is or economic system, it proves your right but can greece taking tough measures supposesed to be labor reform here. pension reform. do you think they'll do it and if so could that be a guide post for the rest of the world? >> beginning to be forced to do it because they basically run out of money. they need the ecb, and the

germans made it clear to them yesterday if they don't do all of the measures they're going to be cut off and won't be -- open their banks. but when i look at what the germans and europeans are proposes there's no chance that this works because what they're doing is they're looking for huge amount as of budget tightening in a euro straight jacket that doesn't mouth country to upset budget tightening with its cheaper currency or with easier interest rates. so what we're going to see is the greek economy just go further into depression and not solve budget problems. >> desmond are we debating this not necessarily age old question but the question of the moment how do you junction pose notion of paying down debt but also having fiscal discipline and actually making sacrifices can they coexist or ultimately smart to whatever it takes to pay down your debt and then start to pox

on growth? >> no, they need growth in order to pay down the debt and what this is doing if it is just driving them deeper into their depression, we shouldn't forget that greece is suffering a depression pretty much on the scale of that suffered by the united states in the 1930s. and the problem isn't the fiscal adjustment or tightening but it is that they're trying to do that without the benefit of a cheaper currency because they stuck in the euro straight jacket so there's no way that they're going to be able to tighten the beget now with the same euro straight jacket and grow if those very policies got them into the depression in the first place. >> here's the problem, policies they have before were, you know working 10 months again taking two months returning at age 50 certainly there can be things done about those kind of -- 30 years of that kind of stuff this gets us to where we are

right now. you're saying that if they don't make sacrifices that they cant grow out of it. they say they have no other choice. forts there's no question that they need a reform that economy. that economy is really a desperate economy that doesn't encourage enterprise. it doesn't encourage growth. it is really just -- feeding greece into stagnation so they need to reform their pension symptom and labor market and get better tax administration, and this just a whole laundry list of things to do. but what they can't do is they can't tighten their budget by another two or three percentage points of gdp in each year without having some other policy of setting that affect. otherwise they're beginning to get deep intoor the sporal that they found themselves in for the last five year. >> desmond locke man we'll have to need your expertise later on.

appreciate it. i want to shift now to another major issue for similar to greece we're talking portrico huge dilemma many think is threatening to the united states. on if we have another greece in our hands in our president. welcome to the show. >> thank you very much for the invitation. >> very similar situation listen my wife is puerto rican i've been to puerto rico i know a lot of people, an they'll admit that, you know, in puerto rico people live in nice homes two bedroom three bedroom apartments and pay $20 a month. they've had a pretty good for a long time and now they owe $70 billion due to get themselves out of this hole. >> you know, if in latin america and we have learned to put house in order economically.

now, we cannot repeat what will happen in 208 and 209 because we're paying worldwide. in contrast with greece for we cannot default. >> although they're working on that in congress maybe they might be to your point right now they can't. >> no, i don't think they can. they're part of a united states -- >> but discipline is very important. they need to have economic sustain economic growth and sustainable discipline. otherwise adverse impact is going to spread all over the renal. >> how do you get discipline when you haven't had to have it for a long time 77% and housing assistance. a lot of welfare food stamps with that crime has gone through the roof. how do you change that mentality overnight? >> well to be candid education.

education, education. and institutions to work for constitution that are accountable then you can play too easily on the beach -- and a relied only in the united states. to your country peru, you have an economic miracle to that people point that could be a model for a lot of other countries. how does peru go from, you know, economy that wasn't doing anything to one of the supersizzling economies how does that happen? >> when i became a president in 2001 and 15% inflation in fiscal deficit and no reserves, and the central bank. we had no choice. no choice -- >> is that the ultimately back

against the wall. you have to do it do or o die. you need leadership, though. >> in my case, i had no choice. i was sentenced not to fail or for two reasons. number one it was their only first -- young president who was democrat elected in 500 years in south america. so if i would fail my people will fail. discipline, and fortunately that's my profession the economist i decided i could not sway populism of giving fish away so even people the right to learn how to fish. >> i have to tell you i love that. that's your book the shared society. let everyone about that. we have to go now. but economist that preaches discipline i think that's what all economies need. a lot of them around the a the world right now praying for something like that. thank you very much for your time president. >> thank you so much for the invitation. >> iran foreign might minister saying negotiations will not be done

today remember another deadline come and gone as consequence all has been waiverring back and forth not quite sure where to go we're going to go right now, though to jeff flock and they're in the thick of it for the comedy change. what's the mood down is there ?blg i love to be phil with the finger on the pulse of the mood and owl rallied all the way back from a buck and a half down. >> it sure did. i think there's skepticism to get an iranian deal and oil traders say if we get a deal we don't know what details are. maybe we won't get oil or the next day and maybe market got too excited about a deal. : you put out a great report to get it they're lucky, and still an energy report there's reason to be perish on oil. >> look at the reason to be bullish despite where prices are right now. greece for one. opec says demand is more than we expect and comien is importing more than we thought they were. >> three things if you look to oil prices really collapse from

$60 back down to $50 it was because of the greece situation because when greece was okayed yiewrm was doing pretty good. their demand numbers were very strong and then moved down to china, of course and they thought it would slow demanding but it was up 20% last week and futures interest rate futures in europe very quiet today with this thing. but the barish trade tell me what's driving the barish trade you're got what? iran -- >> you have the iran situation and there's a fear that we see iranian deal they have 30 to 40 million barrel of oil sitting in tankers it could slit at any moment. there's the argument. >> u.s. rigs getting back online? >> we've had two up weeks and rate count for first time since december and that's a feeling that maybe u.s. production has stabilized. >> quick before we get away gas prices that's what the bottom line on oil prices a lot of people don't care about oil price care about what you're

putting in your gas tank. >> gas prices come down. we passed peak of the summer driving season and selloff right into august. so good news is gas prices are better. more money in your pocket. >> charles that's music to your ears because that helps that's a tide that lifts all of the economic bets out there if you have more money in your pocket for it. >> there's no doubt about that but we know you were talking about these counts, amazing amght of jobs that were created amazing amount a of cap x spending and also junk bonds borrowed by companies so we don't want that to implode either. >> no, and they're way down right -- >> they are way down an has been bankruptcy even warnings by some of the lenders don't lend these guys money because we're not sure how stable they are. we don't know how to value because of the volatility. there would be nothing better than a stable oil price to -- >> stable prices that would be nice. all right charles. >> i love watching you two

together prchg hey guys how about this? no dial better than any deal. awaiting white house response can a deal happen today, tomorrow, this week ever, do we want it? more after this.

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your time. so a little less than five hours from now when they're supposedded to hit this latest headline they're still negotiations ongoing. there was some speculation that yesterday, perhaps the u.s. and its part anywheres would conclude these gorkses we've within waiting for announcement throughout the day. secretary of state john kerry meeting with iranian count part for an hour and also the permanent five members of the u.n. security counsel and germany meeting with iran earlier today. but still we are getting no updates as to when this deal could be finished one that has gone on for quite some time. some of the sticking points have to deal with iran's ballistic missile program whether or not inspectors are allowed on iranian nuclear or military facility an how long they'll be allowed to do their inspection along with a host of other issues dealing with sanction and when the u.s. and west could begin to relieve some of the sanctions against ran. those sticking points are still an issue here as there are

plenty of problems back in the united states for secretary of state john kerry and president barack obama as they've been trying to sell this framework for last couple of months have been hitting a host of resistance from republicans and even some from those in their own party. but again they've got nothing to sell yet but last time they came up with a framework agreement charles, you remember, there was a different interpretation as to what iranians thought they were agreeing to and what the u.s. thought iranians were agreeing to if we get something we hope to perhaps see thing of a single document translated into two languages opposed to fact sheets when we got around last time. >> we appreciate it now former cia operative saying united states is conceding way too much. you know, cory i have to tell you feels like longer this drags on more we're conceding. what else can we give them? >> it is hard to know what else can be -- given away at this point. you know, as your previous guest was saying, there are couple of sticking points seems that at

least one or more members do still object to giving everything away, and that one of the things that wnt wasn't mentioned there is that iranians are demanding is lifting of the united nations arm as embargo that iran would be able to buy and to sell or to give away. the most advanced weapon an no shortage of sellers lining up russia, china, there's to sell them things, and that, of course, qowld have direct consequence withs for united states national security seeing perhaps of the persian gulf. >> sure, claire here's the thing too you read about the negotiations and it is called p5 plus. u.n. security counsel member plus germany, but essentially isn't united states driving all of this, and if so why are we making all of these confessions? >> welt desire for a deal, to drive for a deal from the obama,

white house has been just unrelenting, and even though other members of the p5 plus one seem to object to giving away as i said, everything -- the obama white house is so absolutely determined to get a deal, any deal an any terms giving away any anything at all to the iranians. in other words, as prime minister of israel and benjamin netanyahu said it is paving the way for a nuclear weapon. >> is there any way what would you if you were involved in this can we go now and ask that, you know, demand rather that is not on the table. anything that we can sort of take from steps backwards and redraw lines or too little too late. >> ought to be doing in my opinion is following what fred slight my colleague at the center for security policy and

frank wrote out in national review online a short day ago nine points that should be our red lines. no enrichment. absolutely the enriched uranium they've got, they have to either got rid of it. put it out of the country, dilute it. the nuclear delivery system should be on the table. sanctions should not come off before verification of the measures that iran has been met. many things take a look at that. nine points. >> nine you gave us three of them great. thanks a lot claire we'll talk to you real again soon. : is scott walker looking a lot better now because greece is looking worse? next why what's beginning on there could be helping him right here. and don't forget to watch with walker big announcement tonight during the show making money 6 p.m. eastern. we're going to have it political

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>> yes indeed netflix heading another lifetime high this day it is new high 715.8 o raising price target on netflix to $780 a share from 620 this is your number one performing stock in the s&p 500. so far this year, it is 15th record high, it has more than doubled so far in 2015. worth noting, its stock but community 7-1 stock splits happens at the close wednesday when netflix reports earnings so a lot of very good news factored into this stock. charles. >> that's right historically stocks go up big time before the split and a little bit more after the split. netflix is exploding. scott walker now 15*9 republican jumping in. but his -- tough budget stance a lot of people make him number one.

liz claman and charlie gasparino an how.gov an kasich walker these guys have turned it around with tough love. >> interesting to see how he raises money and they have to have financial backing from the financial sector i should say to -- in order to be, you know, raise enough money to compete particularly in this field. unless you're donald trump and problem raising money from wall street because he's -- against gay marriage. i think supporters are for example, someone like anthony who is very close to walker, she's supporter of gay marriage but that's a good question. will he be able to get that type of support from wall streeters who are much more -- socially liberal. particularly on that issue? >> you know, but we spoke with noel earlier today an said

that's what she does for a living she bundles am of money she's got some young -- bundlers out there who are saying right now in wisconsin it is a buzz and raising a lot of cash. could there be an alternative besides liberal limousine liberals? >> with hum you knowing he been say i have real pots achievement. rand paul and ted cruz have never run a state. but the hangup is that state is still in budget deficit that is in the red and poor job growth he won't raise gas taxes and neighbors minnesota has minimum wage, raised minimum wage an taking in more medicated money to quote, invest in middle-class but scott walker says he's achieved tax cuts and ugh strlg to get the budget deficit under control and it is growing, you know, the economy, but job growth is sort of poor. in wisconsin -- >> turned state around.

argue against is that? forts he's of all of the governors out there i would say kasich. that's a reform of the unions what you do with the municipal unions. i tell you he's been clearly the most effective governor in the race right now. now economic cycles up and down. texas is doing well now. dsm couple of years ago they flattened out a bit. wisconsin make no mistake if you look for a conservative algd aged breeding ground that has been it. former president forced discipline. essentially you're talking about successful governors to ask american public to discipline and deal with greek people refused to tighten their belt. >> i think for scott walker he can claim to that because it was equivalent jumping into a pool of live hair driers when he took on a public sector union than to face -- 3 million and recall two. but he look at the surrounding

states they're saying our trek record is better because they took in federal government public money. >> you know that's what they can do. >> much more discipline with scott walker this makes wisconsin a really interesting place is he's implemented he's channeled arthur over there. okay, he's -- taxes are relatively low. he's cut business taxes that is -- that is a really good example. he can run on his record. i think, i think and they can run as record as a conservety both not just all austerity. >> for whatever reason on the same sex ruling. >> involved with me. flts but bothers people you know down to wall street. >> needs to raise money for some of these folks. >> not talking about that right now and i doubt he misses it tonight. but certainly primary in general election everybody says it is different you have to go to the red meat kind of stuff to become the candidates in the first place. >> says listen i cut taxes by a total of $2 billion a lot for the state of wisconsin and i'm

not spending money i don't have. so that's the message that will go toe to toe with with hillary clinton when bill clinton said the arabic big government is over now hillary is saying it is just beginning. >> not what they're shoving down greek people's throat total austerity or talking about in puerto rico tax increases and maybe debt forgiveness. it is real free market reforms where you can grow an economy and maybe it is flattened out a bit but -- what are his opponents going to say. opponents are beginning to say well scott walker is not right guy. >> republican opponents are going to have a very difficult time because this guy is a serious guy and by the way, not only that he's in battle tested. remember -- three brought that u up. recalls you name it guy wins all of the time. i don't see anybody jeb bush but doesn't hasn't done it in year

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charles: so hillary clinton laying out what she would do for the economy if she were in the white house. sounds a lot like this white house. katrina persson and democratic strategist jessica tarloff about whether her plan will help the economist. start with you, jessica. more of the same. tax the rich. infrastructure. help the unions. we've had six years of that and hasn't been too successful. >> there is argument to be made it has been that successful. we have low unemployment. added jobs of the not right kind of jobs. these are low-wage jobs. we need middle class jobs. truthfully this is what hillary would say. over next few weeks she will make more specific policy proposes. for me what i wanted to hear and didn't in full force redistribute more from the top can pay extra but create more

equality of opportunity. americans want to get back to work. they're a hard-working people. i want to hear her talk more how she will create the opportunity rather than redistribute income. charles: some people would argue, katrina, redistribution is what takes aanyone's worketh ethic. if someone gives you for free. we had 400,000 people left the labor force. could know how the hard left policies entice anyone to think about working hard? >> absolutely. we talk about the low unemployment rate. those numbers are fixed. they're not even reporting some of those people. look in your own neighborhoods see how bad the job market is. more importantly the these same policies put forth for decades but dog but destroy middle class. why would you work if somebody takes what you have and give it to someone else? charles: jessica, what do you think about that. >> i don't think that is right. i don't think the idea those at top who have aaccumulated 99% of

the wealth that has been built can't afford to pay a little bit more. i just -- charles: what would they be paying for? why do they have to pay? >> we need more equality in this society. income inequality is tremendous issue. as i said before there is an opportunity issue as well i'm not all for just battering on and on how just the rich are wall street is the problem. >> okay. jessica you talk about equality. talk about equality for a second. we're talking about people who have put themselves through college, who worked very hard to build something for their family. some built empires. those aren't bad guys. take from those people and give it to people who didn't bother to get -- >> not just a handout. charles: jessica. let jessica reply. katrina, let jessica reply. >> unfair to millions of hard-working americans. charles: jessica, are you being unfair to people who are successful. >> no, i'm not. charles: large majority of the people country made it

themselves. 90% pulled up by the bootstraps, took every nickel they had, took a shot. they have all coattails. no one makes it alone. every millionaire created a lot of wealth for others. why are they the target and that is the only way. >> not my favorite aspect of liberal rhetoric. i'm not that far left. bernie sanders some of hess missage appeals to me. i'm much more down the middle about this. returning to katrina look at raising minimum wage. going up to $15 i don't know if that will work. why we can't have a federal minimum wage hike to 10.10, or $12 proven by economists it is not going to hurt economy, why not give the average american fair shot to support their families. charles: i got to say something. katrina. would draw the line at 12. i understand that i don't think we the about the point here. talking about quote, minimum wage. when do we get to debate about maximum opportunities for everyone? feels like only way certain

people can do well if others are doing bad. katrina that is not necessarily the american way. we've seen same tide lift all ships in this country. >> we have, but what people don't understand with the minimum wage argument, fine, raise it to 12, $15. the cost of goods go up. that is why we have tellers being replaced with machines to take your orders. to booth being automated because companies will always adjust to increase their profits. that is the way it works in economy, in capitalist society. if you want to empower people to do better, be better give them equal opportunity in education but nobody wants to talk about. >> i'm happy to talk about that. i said that actually before you did. we need education reform. more vocational training. we need apprenticeships. encourage entrepreneurship. asset ownership. this is corner in stone of the platform. charles: let me ask you somehow the government being able to manipulate equality of outcomes. this is sticking point.

i know you don't promote it but feels like beneath the surface of it all ultimate that is what the left is trying to do guarranty a certain outcome no matter what the effort is on the individual. >> i mean, again, like you already practiced that, i will not full stop agree with that. this isn't a conversation about let's give people more opportunity to be on welfare. i know we have welfare problem. we need entitlement reform. i completely take your point but i think we need to treat hillary's candidacy as potential for new era in liberal politics in this nation. she is different from barack obama. i know she is being pushed to the left in this primary because what is going on with bernie sanders but i think you see much more centrist president clinton 2016. charles: you both were fantastic. appreciate it. we will have a whole lot more conversations. >> thanks, charles. charles: irs threatening small businesses. one small business owner speaking out and only to us next. ♪

>> i'm dagen mcdowell. this is your fox business brief. apple winning big. the tech company reported 92% of the total income for the world's top smartphone makers. samsung taking in 15% of the total profit.

that is more than one one% you say? they do account, apple and samsung for more than 100% of industry profits because other smartphone makers broke even or lost money. apple's profits are higher than expected considering the company only sells 20% of all smartphones. the reason for the profit dominance by apple? higher prices. last year iphones sold for global average of $624 each. the average price of an android phone, 185 bucks. a check on your markets a we head to a break. look at that rally. triple-digit gains. second day in a row. stay tuned. "cavuto: coast to coast" will be back in a minute.

charles: the irs taking its war to small businesses. that's right. forcing small businesses to comply with the rule that only brings them a whole lot of pain. gerri willis and small business owner did i noel here with an irs squeeze. what is going on? >> newly imposed beginning of july. this takes the ability of small business to help their employees pay their health care costs. with small business operators, those with 50 or fewer employees used to do, they would set aside money in health care reimbursement accounts. their employees could use money to pay for health care. now the irs says no, we'll

charge you 100 bucks per day per employee, $36,500 per employee to have the accounts. that is the fee, fine. people like randy noel are in big, big trouble. charles: i don't get why? why would you do that? seems like a thing you would want a small business to do, help out your employees? is it because they came under threshold of obamacare? is that another day- >> irs said in the past, treasury department said in the past they don't like the plans because they don't fit the model of obamacare. i've been told separately by others it is a philosophical difference of opinion. they don't like companies doing this they want them to be inside the umbrella of obamacare. charles: 36,000 a year. randy i guess your company is one that took the brunt of this, huh? >> absolutely charles. hey, gerri. >> hey. >> we were paying insurance for our employees for 10 years. paid for the whole family. couple of our employees had children. one of our employs had existing condition. we thought with obamacare we med

all the guidelines. we were under 50 employees. my cpa sends me this direct it tiff from the irs i can't even buy the right program. i said this is crazy. they will charge us $100 a day? i thought the whole motivation was this thing to get coverage for employees, not drop coverage? put us in real pickle. >> tell us a little bit about the employees you're helping out. these are long-time employees. you don't have a big staff. you're just loyal to these folks. >> we have five employees. we're a small homebuilder here in new orleans. these employees have been with us half their life. they, 28 years, 25 years. the employees of small businesses like ours, they're like family. they're not like employees. we care about how they have health care insurance. we want to make sure we can give it to them. but $100 a day? the whole motivation is wrong. charles: randy, what exactly did the irs say when you told them this? i would be ashamed if i was irs

official and told this story. go to my supervisor, we have do carve out exemptions to dump this thing. it is stupid. >> i talked to them. some document i give you i have the right program. they said no. you can't do it. you have to stop paying the health reimbursement accounts. so i called my congressman. i called congressman boustany. they had a committee hearing and, jack lew, the secretary of treasury, looked over to the irs folks and said, explain this to them. and they couldn't. delayed it until july 1st. july 1st was 13 days ago. >> here we are, july 1st. it is past july 1st. you can't do this anymore. are you shutting program down? what are the two employees boeing to do who don't have money to pay for health care? >> exactly. we're befuddled. why would anybody put deadline in middle of the year anyway. payrolls are based on calls door

years. currently we owe $1300 in penalties. >> what are you growing to do? >> we're hoping two bills in boustany and senate get passed and retroactive and continue to do what we've been doing for 10 years for our employees. charles: heartbreaking story randy. you are the epitome of the american dream you are the kind much person we talk about on network. you prove that the government does not need to intervene. particularly small businesses, do care about their employees. so much so even under the threat of irs, ham-fisted threat of irs you fight back. god bless you. we hope we hear back that these guys blink on this thing. >> we hope so too. charles: gerri, come up with amazing stories. they're heartbreaking but keep them coming. >> is he amazing guy? charles: love you too. we love the stories. we need to know about this stuff. we need to know what is going on in greece. remember this plan has to be ratified, wednesday.

i don't know, it could give up all the gains. do we have actually have a backup plan with it comes to our debt? who is going to bail us out?

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you can save up to $423. for a free quote today,call liberty mutual insurance at see car insurance in a whole new light. liberty mutual insurance. >> i think washington, d.c., a doesn't care or worse, is promoting this. remember this. a concept embedded into the united states constitution is the federal government must protect our sovereignty. they have completely failed in protecting our sovereignty and securing our border. that is why the states are stepping up and doing what the federal government has failed to do. charles: that was texas governor greg abbott telling me earlier washington has completely failed america in doing its job to secure our borders.

to dagen mcdowell and liz macdonald. all right, dagen, it is hard to argue with that. you can't argue with that. >> everybody laughed at donald trump's comments and he paid dearly financially cut off what he said about people, illegal immigrants coming over from mexico. then you have the murder of that young woman in san francisco. i think there is a bright, hot spotlight on the issue of illegal immigration in this country. and all of the presidential candidates will have to step up to tell america what their plan is to stop it. to make sure people in this country who are criminals are not here. and they are not provided sanctuaries in many cities. a couple hundred. charles: they say we have over 200 sanctuary cities. >> right. charles: no matter what the procedures are, you keep people out, what that sort of enticement, i'm a criminal, i have a criminal record but can leave a country of peasant at this as criminal go to city like

san francisco, emac i have got it made. >> you it made. you can play the local laws to go under the radar to set up gangs across state borders. governor abbott said rightfully google cartel crime in mexico, see what the states are up against. he is fighting against the cartels taking root in texas. he just got -- charles: $800 million. >> over two years to battle cartel and border crime. that is way more, more than double what rick perry -- charles: all gop candidates and democrats jump on idea of building a wall? >> i think if they have a way to pay for it, charles, maybe -- charles: ultimately doesn't it pay for itself? considering the all the money we spend on illegals and kids that come over the border -- >> but that is not money in, money out. that is not an equation that adds -- >> infrastructure spending. i'm joking. watch what happened last week the department of justice i don't know if you guys saw this,

released data showing the criminal, federal crimes that are prosecuted in various courts. five states had 42% of those crimes. adjudicated it was border states. charles: let's shift gears a little bit to go back to greece because we can't avoid it. people are wondering what the heck is going on. they didn't have a back up plan if they were booted out of of the euro. help me out with this one, dagen. go there, turn down everything. keep going with the same nonsense but they have no real plan. liz what do you think. >> a top official in great britain is greece is like a building burning with no exits. guess what? there are exits, through the bond market and ecb balance sheet. that was the backup plan for greece. charles: i thought that was the primary plan? >> that was the backup plan. primary alternative iou

currencies accept the drachma? that is your backup plan? another form of script to pay off the debt? it is a junk bond warehouse -- >> solve the debt problem with more debt. we'll not deal with it today. we'll deal with it three years from now. >> training alcoholic who has alcohol poisoning with more vodka. charles: hair of the dog. this analogy for the greek people, it hasn't felt like a building burning per se for 30 years. felt like warm mediterranean sunshine and two months vacation and retire at 50 and get lavish promises. now someone wants to yank that from them. amazing they're mad at creditors. >> from the plan, it makes it easier to fire people in greece, for the people who work, is just a wake-up call. charles: fire? is there even a greek version of the word? >> this is an offer, right? pause the syriza government has yet to sign off on this.

last time this happened in 2011, george pap pap was ousted in referendum and came back with a deal greeks didn't like. this party could be booted out of bost. >> it shows you people will wait until the last minute and act like the chickens will never show up. charles: that is cautionary tale for america. we can talk about 18 trillion in debt. >> all the presidential candidates start talking about fixing entitlements, maybe we'll fix it. some like to talk about it but doesn't get them elected. politicians tell people what they don't want to hear. charles: call it third rail of politics. one of my favorite companies hitting an all-time high. i will tell you which one when we come back. ♪ can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought.

can a business have a spirit? can a business have a soul? can a business be...alive?

charles: got at stock alert for you.

take a look at under armour. shares of the stock hitting lifetime highs. i'm not here to scold you but i did tell you so. take a listen. my next stock idea for the show is under armour. this is the first stock i recommended on this show. that is up huge 33%. get down to talk about. stock idea is under armour. the symbol is ua. very first stock i mentioned. guys i'm not here to scold you. i want to help make you money. i will try to do that for you tonight. watching making money at 6:00 p.m. on the fox business network. we'll have reaction, scott walker, governor of wisconsin, formally announcing his presidential bid. this is huge. he will immediately be a major player. remember he was leading polls at one point. a lot of money coming in to him. a proven governor with track record. you have to watch him live. we have guests on political and economic impact. we leave you with "the intelligence report" with trish regan. it begins right now.

trish: hi, charles. news soaring on the word of a greek deal. s&p trading up 17. nasdaq up 61. europeans and greeks got something together after working through the night. the greek parliament is scheduled to vote on this deal this wednesday. they had to concede on two things, cut bloated pensions and two, slap a higher sales tax on goods and services. talking about 23%. which means, greece got a little more expensive. greek economy can recover, doubtful that it can living with euro and higher taxes aren't we delaying here the inevitable? that the greeks will some day leave the eurozone? lori rothman and "wall street journal" greg i'm and senior correspondent charlie gasparino. lori, starting with you, investors reacting postively here not at highs of the session but still up solid. up 177. they team so like what they